NASDAQ:TVIX   VELOCITYSHARES DAILY 2X VIX SHORT TERM ETN DUE DECEMBER 4
42 2 1
Its been frustrating trying to go long TVIX             , but we are finally seeing the increasing volume needed to sustain this breakout. There are a lot of buy stop orders building and once triggered, there will be a big rush to buy to cover and buy to go long. Target is between $4-5, depending on where the SPY             will be.
the day after I posted this, the rejection bar changed my view and now I see Tvix going straight down as the SPY rallies during the strongest month of the year.
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Have any afterthoughts on TVIX?
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